Tonopah Lithium Project - Nevada, USA

TONOPAH IS STRATEGICALLY LOCATED IN THE LITHIUM BATTERY VALLEY

Argosy acquired the project August 2019

Project lies ~4km from Albemarle’s Silver Peak lithium brine operation – the only lithium carbonate producer in the USA (+50yrs)

Secured a strategic foothold in a world class mining jurisdiction, being ~300km from the Tesla Gigafactory

Lithium included in the USA’s list of ‘critical minerals’ and actions are being prepared to further support US lithium domestic resource development

Significant opportunity to leverage Argosy’s lithium brine processing expertise over an expanded asset base

- The Project is located within the Big Smokey Valley region in Nevada, USA, and comprises 425 claims covering an area of ~34.25km²
- The Project is directly analogous to the neighbouring Silver Peak Lithium Mine deposit model, both geologically and structurally
- SRK completed a technical review of the Project and provided positive validation of the lithium brine resource potential
- Geophysical survey data available over the Project area, identifying lithium brine target areas
- Positive geological features - closed basin structures, with lithium bearing host rocks in an area of high evaporation
- High quality regional and site infrastructure - within a 40 minute drive from the regional mining centre of Tonopah - located 336km from Las Vegas and 380km from Reno, Nevada